HOVNES AS

2160 VORMSUND

Finances

Share Ownership

Return on Equity

28,15 %

Current Ratio

0,28

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	208 000	77 000	59 000	58 000
Net Income	38 000	−45 000	−50 000	−29 000
Total Assets	462 000	284 000	310 000	198 000
Total Equity	135 000	97 000	142 000	192 000

Income (NOK)	2022	2021	2020	2019
Revenue	208 000	77 000	59 000	58 000
Expenditure	170 000	123 000	108 000	92 000
Operating Profit	38 000	−45 000	−50 000	−34 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	0
Financial Balance	0	0	0	0
Earnings Before Tax	38 000	−45 000	−50 000	−34 000
Tax	0	0	0	−5 000
Net Income	38 000	−45 000	−50 000	−29 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	370 000	241 000	276 000	149 000
Total Current Assets	92 000	43 000	34 000	49 000
Total Assets	462 000	284 000	310 000	198 000
Total Retained Equity	105 000	67 000	112 000	162 000
Total Equity	135 000	97 000	142 000	192 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	328 000	187 000	167 000	6 000
Total Equity and Debt	462 000	284 000	310 000	198 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	93 000	47 000	54 000	58 000
Other Income	115 000	30 000	5 000	0
Revenue	208 000	77 000	59 000	58 000
Cost of Goods Sold	2 000	0	14 000	0
Salary Costs	0	0	0	0
Depreciation	56 000	35 000	33 000	33 000
Impairment	0	0	0	0
Expenditure	170 000	123 000	108 000	92 000
Operating Profit	38 000	−45 000	−50 000	−34 000
Financial Income	0	0	0	0
Financial Costs	0	0	0	0
Financial Balance	0	0	0	0
Dividends	0	0	0	0
Net Income	38 000	−45 000	−50 000	−29 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	358 000	222 000	250 000	116 000
Fixtures	12 000	19 000	26 000	33 000
Total Tangible Assets	370 000	241 000	276 000	149 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	370 000	241 000	276 000	149 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	92 000	41 000	18 000	13 000
Total Current Assets	92 000	43 000	34 000	49 000
Total Assets	462 000	284 000	310 000	198 000
Total Equity	135 000	97 000	142 000	192 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	0
Creditors	15 000	0	210 000	2 000
Unpaid Taxes	−7 000	−2 000	−42 000	3 000
Dividends	0	0	0	0
Other Current Debt	320 000	189 000	0	1 000
Total Current Debt	328 000	187 000	167 000	6 000
Total Equity and Debt	462 000	284 000	310 000	198 000

Financial indicators	2022	2021	2020	2019
Return on Equity	28,15 %	−46,39 %	−35,21 %	−15,1 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	18,27 %	−58,44 %	−84,75 %	−58,62 %
Current Ratio	0,28	0,23	0,2	8,17
Quick Ratio	0,28	0,23	0,2	8,17
Equity Ratio	0,29	0,34	0,46	0,97
Gross Profit Margin	99,04 %	100 %	76,27 %	100 %